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BRIEF-Temenos announces proposal to acquire Rubik

Published 15/02/2017, 03:52 am
© Reuters.  BRIEF-Temenos announces proposal to acquire Rubik
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Feb 14 (Reuters) - Temenos Group AG TEMN.S :

* Confirms that it has entered into a binding scheme implementation deed to acquire Rubik Financial Limited ('Rubik') RFL.AX

* Temenos will acquire 100% of the issued capital of Rubik for a cash consideration of a $0.1667 per share,

* The board of directors of Rubik has unanimously recommended that its shareholders vote in favour of the scheme,

* The scheme consideration will be funded by Temenos' existing cash and debt facilities Source text - company coverage: TEMN.S

(Gdynia Newsroom)

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